SEC Form 4 · accession 0001127602-16-067416
CIT GROUP INC · CIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John R Ryan
Director
Period of report
Nov 14, 2016
Accepted (ET)
Nov 16, 2016 · 4:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001171825
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 14, 2016 | M | 4,558 | $32.91 | A | 11,259 | D | |
| Common Stock | Nov 14, 2016 | S | 3,769 | $39.89 | D | 7,490 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy)F2 | $32.91 | Nov 14, 2016 | M | 4,558 | D | — | Jan 21, 2017 | Common Stock | 4,558 | 0 | D |
Explanation of responses
- F1Shares sold to cover option cost.
- F2Options vest in three equal installments on each of the 1st, 2nd, and 3rd anniversaries of the grant date, commencing January 20, 2011.